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Originally posted by darkhorserider
reply to post by litterbaux
It's down over 500 points now since the election, and there isn't any good news on the horizon to arrest the fall. The Christmas sales are flat so far. We'll have to wait and see what Black Friday looks like, but if it doesn't get the retailers into the Black, then the market will continue to freefall all the way through the new year, where new taxes kick into effect.
I fully expect this crash to be worse than 2008. This is the double-dip everyone was watching for, and it is finally here.
Originally posted by XXX777
A new 40-week period begins February 27, 2013.
I think the most opportune time would be 13 days later on March 12, 2013.
Originally posted by darkhorserider
Yes, the Fed is transparent about their plans and motives. At a recent meeting in Atlanta, they made it very clear that they fully intend to follow this QE theory for at least another year, cause intentional inflation to stave off the recession, and then use bond-buying and mandatory contractual obligations to mitigate the hyper-inflation when it begins to hit. The Fed is honest about the fact that hyper-inflation is imminent, but they think they can control it. I have my doubts.
Originally posted by AugustusMasonicus
Originally posted by darkhorserider
Yes, the Fed is transparent about their plans and motives. At a recent meeting in Atlanta, they made it very clear that they fully intend to follow this QE theory for at least another year, cause intentional inflation to stave off the recession, and then use bond-buying and mandatory contractual obligations to mitigate the hyper-inflation when it begins to hit. The Fed is honest about the fact that hyper-inflation is imminent, but they think they can control it. I have my doubts.
Fiscal policy that leads to even more big government spending since they can buy their own debt a ludicrously low interest rate. That is the reason we have such a weak dollar and quantitative easing doctrine. The dollar needs to be relinked to a commodity before we can ever get our fiscal house in order.
Originally posted by XXX777
The dollar actually is linked to a commodity.... the people of the United States.
Originally posted by AugustusMasonicus
Originally posted by XXX777
The dollar actually is linked to a commodity.... the people of the United States.
A dollar linked to a traded commodity (or commodities) would prevent the Federal Reserve from manipulating interest and currency in an effort to assist the government in growing itself with cheap money.
Originally posted by XXX777
Gold has an antiquated value. It is shiny. There is plenty of it above ground today if one needs it.
Originally posted by AugustusMasonicus
Originally posted by XXX777
Gold has an antiquated value. It is shiny. There is plenty of it above ground today if one needs it.
Commodoties are still the best indicators of the financial climate, gold being one of them. As to there being plenty of gold this is proved flase by its price, if there were enough to satisfy demand the price would be far lower. This is simple economics.
Originally posted by XXX777
There is hardly any demand at all for gold. Who uses gold? I didn't use any gold today.
Originally posted by marg6043
The fed is bailing out the markets constantly with the QEs that started soon after 2008...